The top 10 markets for first-time homebuyers this year include seven metropolitan areas in Sun Belt states, plus the areas around Pittsburgh and Philadelphia, according to a new report by realtor.com.
To determine the top markets, realtor.com examined key housing indicators including: search rank, median list price, year-over-year change in inventory, median age of inventory and unemployment rates across 146 markets and evaluated the metrics against the needs and desires of the typical first-time homebuyer. All metrics considered were pulled directly from realtor.com’s February 2014 data and the Bureau of Labor Statistics.
Check out homes for sale in these 10 markets.
NOTE: All descriptive information comes from listings on realtor.com. Properties were on the market and listed as available at the time of publication in April 2014 unless noted otherwise.